Real Estate: Hotel Californian was Santa Barbara’s biggest hotel sale in years
The Hotel Californian on lower State Street in Santa Barbara was purchased for an estimated $130 million, according to Hayes Commercial Real Estate’s recently released South Coast market report. Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, bought the 121-room hotel near Santa Barbara’s Read More →
Street Smarts: Foley’s hotel purchase means his wine bar leaves Bacara
Let the luxury hotel wine bar wars begin. Now that financier-winery proprietor-Golden Knights NHL team owner Bill Foley owns the Hotel Californian, he’s moving his The Foley Food & Wine Society from the Ritz-Carlton Bacara in Goleta to his newly purchased digs near Santa Barbara’s waterfront. The club will be located at the hotel’s Djinn Read More →
Bill Foley buys Hotel Californian
Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, has purchased the Hotel Californian on lower State Street in Santa Barbara. Foley Entertainment Group announced the purchase Sept. 1 and did not disclose the price. The property’s assessed value is $33.5 million, according to Santa Read More →
VCMC heals its finances
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VCHCA makes big personnel changes, including 79 layoffs
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Hedge funds circle Foley’s flagship as Fed enables leveraged deals
What’s happening here is part of a bigger drama about ultra-low interest rates, the stock market and the prospect for a new credit bubble.
The Foley effect: Wine baron rolls out members-only club at Bacara
Foley launched the Food & Wine Society to take advantage of his diverse holdings in vineyards, wineries, vacation properties in Montana and his investment as a minority owner of Pacific Hospitality Group, which bought Bacara in February for an estimated $150 million to $180 million.
